BU231 Study Guide - Final Guide: Bailment, Leinster Rugby, Mens Rea
Document Summary
Bang up car repair inc. is a closely held corporation. Howard owns 70% of the shares and the other three each hold 10% of the shares. Howard, penny and wil (a local accountant) sit on the board of directors. Leonard deals with the actual repair work and manages the repair shop, while penny oversees the entire business. Make sure you identify the area of law or legal principles that are relevant to each situation, define the applicable law and apply it to. Include any remedies and defences where applicable: bernadette brings her car in for repairs and penny has her sign a contract estimating the cost at ,500. 00 payable upon completion of the repairs. Leonard and his staff work on the car for a couple of days before it is repaired. Penny contacts bernadette to let her know her car is ready for pick up, but bernadette tells penny that she is unable to pay for the repairs.
